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In the open front end control, a matter of strengthening the supervision afterwards, I hope next year (2015) but also to promote the work in this regard. Yao Gang Department of the Commission inspected the highest-ranking official Yao Gang, 1993 he was appointed deputy director of the Securities and Futures Regulatory Commission, the Ministry of Supervision, director; in 1999, general manager Ren Guotai Junan Securities Co., Ltd., deputy party secretary, vice chairman; 2002 its Vice-Chairman in 2008; Ren Commission issued supervision Department. Is the highest-ranking officials of the Commission so far is checked. Stock market crash on the SFC website again Gang Yao Yao Gang whereabouts SFC official website revealed the 'speech and action' undisclosed column, this year only three times Updated: February 19, Yao and Xiao Gang Gang attended the Shanghai Stock Exchange the (SSE) SSE 50ETF option listing ceremony; March 16, along with Xiao Gang Yao Gang attended the forum to support Tibet's capital market development, but no public speaking; May 28, Yao Gang attended the twelfth Shanghai derivatives Market Forum. All this occurred before the June 15 stock market crash. 53-year-old Yao Gang was long in charge of the new shares issued trial Yao Gang served Commission issued Supervision Department Assistant Chairman of the SFC, during and promote the issuance examination committee (stock issuance examination committee) system, and the first issue of the sponsor system. It is, therefore, Yao Gang was once classified as one of the market on behalf of the 'reformers' in. Issuance examination system is directly related to the development of the securities market and protection of investors. The sponsor system had changed 'Channel system' long-standing, increased borne by the sponsor during the issuing and listing the contents of joint and several liability. Coin has two sides. Issuance examination committee and the sponsor system and is closely related to the issue, a lot of people regarded as the SFC system is the abuse of power of the 'key.' When it comes to the issue, Yao Gang, Vice-Chairman of the SFC office to promote the Commission's two heavy head the task: IPO system changes and introduction of the GEM. After the GEM October 23, 2009 open board, frequently carry out IPO reform, IPO rule between 2009-2014 five experienced 4 changes. China's stock issuance to implement approval system, registration system has been the general direction of the target and the issuance of securities market reform of China stock distribution system reform. December 3, 2014